Shipowners have seen sharp hike in the price of H&M cover in year to date and further pain is in store, says world’s biggest hull underwriter by David Osler ‘The spare parts, the steel and the yards themselves when doing the work, are asking much higher prices than in the past, so individual claims are […]

Risk for shipping has hit ‘considerable magnitude’, with some companies not even doing the basics, webinar told Steamship sees combined ratio jump to 125% after big payouts to cruise operators in wake of pandemic EXCLUSIONS on the part of reinsurers have forced Steamship to restrict cyber cover for non-poolable risks to sit within retention levels, […]

Ships, aircraft, drones and hundreds of personnel are ready to back Deep Blue Project On 19 May, five armed pirates boarded a fishing vessel in the Gulf of Guinea, south of the Ghanaian capital, Accra. The assailants, according to security sources, took the boat 185 km (115 miles) out to sea before ­taking hostage five […]

La sinergia consolidata nella newco SODIMAX SRL concretizza un ampliamento delle attività delle due società di forwarding. Si è perfezionata l’operazione societaria che ha dato vita a Sodimax S.r.l., che ha quali protagoniste Sodimax, forwarding agent operante sul mercato dal 2005 e specializzata nel forwarding con l’Africa e SHL Srl (solution for heavy load), azienda […]

Insurers see a rush to place cyber policies to protect against business interruption and ransom demands By Adam Corbett in  London The Colonial Pipeline cyber-attack has sparked fresh interest in insurance cover amid concern shipping companies and individual ships could be next in line. The incident follows a reported increase in cyber-attacks on the operating […]